Is it time to Buy before this week’s earning report LCNB (NASDAQ:LCNB)

Earnings results for LCNB (NASDAQ:LCNB)

LCNB Corporation is estimated to report earnings on 10/19/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.43. The reported EPS for the same quarter last year was $0.33.

LCNB last issued its quarterly earnings data on July 22nd, 2021. The bank reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The business had revenue of $18.68 million for the quarter, compared to analysts’ expectations of $18.20 million. LCNB has generated $1.55 earnings per share over the last year ($1.59 diluted earnings per share) and currently has a price-to-earnings ratio of 11.1. Earnings for LCNB are expected to decrease by -3.68% in the coming year, from $1.63 to $1.57 per share. LCNB has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, October 19th, 2021 based off prior year’s report dates.

Analyst Opinion on LCNB (NASDAQ:LCNB)

According to the issued ratings of 1 analysts in the last year, the consensus rating for LCNB stock is Buy based on the current 1 buy rating for LCNB. The average twelve-month price target for LCNB is $17.50 with a high price target of $17.50 and a low price target of $17.50.

on LCNB’s analyst rating history

LCNB has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $17.50, LCNB has a forecasted downside of 1.2% from its current price of $17.72. LCNB has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: LCNB (NASDAQ:LCNB)

LCNB is a leading dividend payer. It pays a dividend yield of 4.29%, putting its dividend yield in the top 25% of dividend-paying stocks. LCNB has only been increasing its dividend for 1 years. The dividend payout ratio of LCNB is 49.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LCNB will have a dividend payout ratio of 48.41% next year. This indicates that LCNB will be able to sustain or increase its dividend.

Insiders buying/selling: LCNB (NASDAQ:LCNB)

In the past three months, LCNB insiders have sold just slightly more of their company’s stock than they have bought. Specifically, they have bought $23,210.00 in company stock and sold $25,545.00 in company stock. It is common for insiders to sell company stock at intervals simply to diversify their holdings. Only 5.83% of the stock of LCNB is held by insiders. Only 37.18% of the stock of LCNB is held by institutions.

Earnings and Valuation of LCNB (NASDAQ:LCNB

Earnings for LCNB are expected to decrease by -3.68% in the coming year, from $1.63 to $1.57 per share. The P/E ratio of LCNB is 11.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.54. The P/E ratio of LCNB is 11.14, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.33. LCNB has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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